Italy Iron Ore Industry Outlook 2023

See how Italy Iron Ore performed compared to key markets such as Australia, Brazil and Canada.

Key Market Indicators

In 2023, Italian iron ore exports plummeted to approximately $18,000, a stark decline from around $58,000 in 2022, marking a 69% decrease year over year. This continues a long-term trend, with Italian iron ore supply having decreased by 42% annually since 1999. Italy ranked 42nd globally in iron ore exports in 2023, with Kuwait just ahead at the same level. Leading the rankings were Brazil, Canada, and South Africa in second, third, and fourth places, respectively. On the import side, Italian iron ore imports are projected to fall to about $298 million by 2028, down from approximately $484 million in 2023. This represents an annual decline rate of 7.7%. Since 1999, Italian demand for iron ore has decreased by 7.5% each year. In 2023, Italy was the 24th largest importer of iron ore, with the Czech Republic surpassing it with imports valued at $484 million. Japan, South Korea, and Germany were the second, third, and fourth largest importers, respectively.

Italy Iron Ore Market Data and Forecasts

Italy Iron Ore : how will it grow in the coming years?

Forecast: Iron and Steel Market Size Value in Italy
Forecast: Iron and Steel Market Size Volume in Italy
Forecast: Production of Iron and Steel in Italy
Forecast: Import of Iron Ore to Italy
Forecast: Import of Iron Ores and Concentrates to Italy
Forecast: Import of Iron Ore to Italy
Forecast: Import of Iron Ores and Concentrates to Italy
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